Different Between Vrs And Crs
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Hi Boopy,You could see the difference in the expansion itself.VRS (Voluntary Retirement Services) is done by the willingness of the employee.CRS (Compulsory Retirement Service) is done in compulsion by the management or government without the unwillingness of th...
Hello, Boopy. Nice to see you on CiteHR. I work in a Maxi industry focusing on Corporate Social Responsibility (CSR). I believe you have heard about CSR and are familiar with its principles.Regards,Sunil S. Mudgal09766082061
Hi,Please provide some information about VRS such as the age of eligibility for VRS, the procedure involved, and the roles of both the company and the employee in it.Regards,Ritu
Yes,VRS stands for Voluntary Retirement Scheme; CRS is the Compulsory Retirement Scheme.VRS - The company offers a scheme by which surplus manpower is reduced. It involves a lucrative economic package offered to those who opt to leave. It is beneficial to an emp...
VRS: Voluntary Retirement Scheme (employee willingly parts with service)CRS: Compulsory Retirement Scheme (Employer creates a situation where the employee has to leave without his willingness)It happens in certain organizations to get rid of aged, non-performers...
Dear all,Please clarify the difference between VRS and CRS.Thank you.
I am surprised that PSU can issue an appointment letter as AGM-Engineering and then transfer the individual to roles such as AGM-Marketing, Security, Housekeeping, or HR. If this is the case, in my opinion, the purpose of the appointment is defeated, and skilled...
Hello GhaleBS,Since you are working in a PSU, please note that AGM is your designation—irrespective of which department you are posted to, be it engineering & projects, pharma marketing, design, etc.The salary scale/grade for AGM in all departments would essenti...
Hello GhaleBS,Obviously, you will be using whatever designation you have as per records/paper. What you are actually doing — meaning the role — doesn't matter here.Regards,TS
My transfer order from HR does not mention any designation. It simply states, "You have been transferred to the marketing department posted in the Northeast of India. Report to the GM of Marketing at the Head Office. However, your pay package remains the same." ...